Accounting and tax professionals who work at small business bookkeeping offices across the country can all agree on one thing: if businesses are to succeed, business owners must know their numbers. It doesn’t matter how big or how small a company is, or how long they’ve been in business, they need to know the true financial state of their business. For many new resellers, the thought of tracking financial data, such as the cost of goods sold, sales tax, and […]
Let’s get down to the nuts and bolts of the reselling business. Learn tips and tricks for managing logistics, from storing to packing to shipping.
Now more than ever, consumers are shopping online for their health and beauty needs. Especially with the popularity of social influencers and beauty bloggers, buyers are increasingly aware of trends and top products, and expect sellers to source accordingly. Although the industry is constantly evolving, there are a number of ways to stay ahead of trends and capture the online market. Check out these four health and beauty tips to help you stand out from the competition. 1. Optimize Your […]
Yep, it’s that time of year again – time to file our federal and state tax returns. W-2’s are out and receipts are in. Banks and other financial entities are sending us their year-end reports, and tax preparers across the U.S. are braced for long hours over the next three months to meet the demands of the tax filing season. With so many requirements for self-employed individuals, resellers often turn to other resellers, or to social media groups and forums, […]
If you’re an independent seller or an online reseller, you know taxes are not just a menace that come around once a year, but a chore that needs to be maintained all throughout your selling career. So, what does tax preparation for independent sellers involve? For some, it’s all part of a day’s work, and they’re prepared to take on the task. They have bookkeeping systems in place and have talked to tax professionals who have set them on the […]
New to sourcing pallets or cases of liquidation goods? Buying wholesale lots can be very cost-effective, but when your order contains possibly hundreds of individual items, efficiency is critical. While buying and processing in wholesale quantities can feel intimidating if you’re just getting started, we have some tips to help you stop wasting time. (After all: time is money!) Here are five essential steps to sort and process your wholesale pallet or case effectively. 1. Clear Your Space Before receiving […]
No matter where a reseller sources products, they’re bound to find merchandise that, though valuable, is a little rough around the edges. Sometimes the damage is a result of poor shipping and handling. Products found at clearance, at a secondhand store, or at a yard sale pass through many hands and often aren’t treated delicately. While some make their living fixing and reselling goods, this can be frustrating for resellers who don’t—and there are two reasons why. First, standards for […]
The reselling business comes with a lot of choices. Do I sell online or offline, Amazon or eBay? What kind of merchandise should I sell? How much should I sell? It’s a lot to consider. One of the most important questions resellers ask themselves is, where should I run my reselling business? Some resellers do all of their business, from retail arbitrage to sale, directly out of their house. Others separate the two, and still others have some kind of […]